S. Korea's industrial output falls 1.3% m/m in September
- 5 years ago
South Korea's overall industrial output inched down last month...mainly due to a fall in auto production.
According to Statistics Korea on Wednesday, industrial output in September decreased by 1-point-3 percent from the previous month.
The agency said less production in the mining and manufacturing industries caused the downfall.
Auto production in particular fell by almost 5-percent... due to lower domestic demand.
In contrast, equipment investment rebounded in September, gaining 3-percent... after falling for the sixth consecutive month in August.
This rebound was mainly due to increased investment in semiconductor manufacturing equipment.
According to Statistics Korea on Wednesday, industrial output in September decreased by 1-point-3 percent from the previous month.
The agency said less production in the mining and manufacturing industries caused the downfall.
Auto production in particular fell by almost 5-percent... due to lower domestic demand.
In contrast, equipment investment rebounded in September, gaining 3-percent... after falling for the sixth consecutive month in August.
This rebound was mainly due to increased investment in semiconductor manufacturing equipment.